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1. Demand Deposit Account (dda)
2. Meaning Of Demand Deposits

Demand Deposit Account Discover free flashcards, games, and test prep activities designed to help you learn about Demand Deposit Account and other concepts. They're customizable and designed to help you study and learn more effectively. 1.1 You may open a Demand Deposit Account through any channel which Bank of Ireland makes available (for example online, phone, branch). 1.2 You may only pay personal funds into the Demand Deposit Account. For example, you cannot use it for your business or for a charity, club or other organisation. Paying money in and taking money out.

Demand Deposit Account (dda)

noun

• A deposit of money that can be withdrawn without prior notice.

  ‘Money will move from Joe's demand deposit account to a money market demand deposit account with a bank.’

  • ‘An individual can exercise his demand for money either by holding it in his pocket or in his house or by placing it in the custody of a bank in a demand deposit or even in a safe deposit box.’
  • ‘Finally, I would advise Fiona to simply lodge her redundancy cheque to a demand deposit account and not to invest it until she has secured another job.’
  • ‘Do nothing - except put the money in an easily accessible demand deposit account.’
  • ‘Many financial institutions offer derisory returns of 0.1 per cent or slightly more on demand deposit accounts.’

Meaning Of Demand Deposits